Oregon Public Employees Retirement Fund held its stake in Alliant Energy Corporation (NYSE:LNT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,977 shares of the utilities provider’s stock at the end of the second quarter. Oregon Public Employees Retirement Fund’s holdings in Alliant Energy Corporation were worth $2,771,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Mosaic Family Wealth LLC boosted its stake in Alliant Energy Corporation by 0.8% in the first quarter. Mosaic Family Wealth LLC now owns 3,212 shares of the utilities provider’s stock worth $127,000 after buying an additional 27 shares during the period. Lincoln National Corp boosted its stake in Alliant Energy Corporation by 0.7% in the first quarter. Lincoln National Corp now owns 6,636 shares of the utilities provider’s stock worth $263,000 after buying an additional 47 shares during the period. Ffcm LLC boosted its stake in Alliant Energy Corporation by 0.8% in the first quarter. Ffcm LLC now owns 9,400 shares of the utilities provider’s stock worth $373,000 after buying an additional 70 shares during the period. IFP Advisors Inc boosted its stake in Alliant Energy Corporation by 0.5% in the first quarter. IFP Advisors Inc now owns 17,508 shares of the utilities provider’s stock worth $693,000 after buying an additional 95 shares during the period. Finally, Meeder Asset Management Inc. boosted its stake in Alliant Energy Corporation by 0.5% in the second quarter. Meeder Asset Management Inc. now owns 22,186 shares of the utilities provider’s stock worth $891,000 after buying an additional 120 shares during the period. 67.26% of the stock is currently owned by institutional investors and hedge funds.
Alliant Energy Corporation (NYSE LNT) traded up 1.13% during trading on Friday, reaching $42.24. 1,412,660 shares of the company’s stock traded hands. The firm’s 50 day moving average is $40.75 and its 200-day moving average is $40.02. Alliant Energy Corporation has a 12 month low of $34.88 and a 12 month high of $42.32. The company has a market capitalization of $9.76 billion, a price-to-earnings ratio of 24.94 and a beta of 0.41.
Alliant Energy Corporation (NYSE:LNT) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The firm had revenue of $765.30 million during the quarter, compared to analysts’ expectations of $725.92 million. Alliant Energy Corporation had a return on equity of 11.43% and a net margin of 11.85%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.37 EPS. Analysts expect that Alliant Energy Corporation will post $2.01 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st were issued a dividend of $0.315 per share. The ex-dividend date was Thursday, July 27th. This represents a $1.26 annualized dividend and a yield of 2.98%. Alliant Energy Corporation’s dividend payout ratio is currently 74.12%.
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A number of analysts recently weighed in on the stock. UBS AG reaffirmed a “neutral” rating and issued a $42.00 price objective (up previously from $41.00) on shares of Alliant Energy Corporation in a report on Wednesday, May 10th. BidaskClub raised shares of Alliant Energy Corporation from a “hold” rating to a “buy” rating in a report on Saturday. Jefferies Group LLC reaffirmed a “hold” rating and issued a $43.00 price objective (up previously from $42.00) on shares of Alliant Energy Corporation in a report on Wednesday, August 9th. Barclays PLC reissued an “equal weight” rating and set a $43.00 target price (up previously from $41.00) on shares of Alliant Energy Corporation in a research note on Thursday, June 1st. Finally, Zacks Investment Research raised shares of Alliant Energy Corporation from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Friday, May 19th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $42.33.
In other Alliant Energy Corporation news, SVP James H. Gallegos sold 5,000 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $41.25, for a total transaction of $206,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.33% of the company’s stock.
About Alliant Energy Corporation
Alliant Energy Corporation operates as a regulated investor-owned public utility holding company. The Company’s segments include Utility and Non-regulated, Parent and Other. The Utility segment includes the operations of Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL), which serve retail customers in Iowa and Wisconsin.
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